NZ building consents rise 1.9 percent in August, third straight gain

Thu, 27 Sep 2012

Sept. 28 (BusinessDesk) - Sept. 28 (BusinessDesk) – New Zealand consents to build new homes rose for a third straight month in August, driven by rebuilding activity in Christchurch. Consents rose 1.9 percent in August, seasonally adjusted, from the previous month and were up 1.8 percent compared to August 2011, according to Statistics New Zealand. The building consents add to evidence the rebuild of Christchurch after its series of earthquakes is starting to stoke economic activity. Compared to the same month last year, the total number of n...

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